Cement News tagged under: exports
Vietnam's producers struggle for profitability18 August 2023, Published under Cement NewsSoutheast Asia is becoming a difficult market for cement producers to make a profit. Surging production costs, sluggish consumption, and reduced prospects at home and abroad stifled any chance of high margins in the 1H23. Meanwhile, export markets are becoming more restricted. On top of China's reduction of imports, Australia has started to review the possibility of a cross-border adjustment mechanism (CBAM) implementation following Europe's lead to protect against carbon leakage. Domest... |
Vietnamese market contracts by 18% in July18 August 2023, Published under Cement NewsCement sales in Vietnam declined by 18 per cent to 4,655,526t in July 2023 when compared with July 2022, according to the Vietnam National Cement Association (VNCA). Of this total, VICEM sales fell by 18 per cent to 1,437,107t while other VNCA members sold a combined 968,419t, down 24 per cent YoY. Non-members saw sales drop by 16 per cent YoY to 2,250,000t. Total exports advanced by 26 per cent YoY to 2,790,355t in July 2023. Cement exports were up 23 per cent YoY in the period with non-V... |
Pakistan's cement industry’s mixed financial results await at PSX18 August 2023, Published under Cement NewsCement producers have started posting their financial results on the Pakistan Stock Exchange (PSX) for 4QFY22-23 and the full year of 2023. Mixed results are expected, yet Spectrum Research has stated that higher financial costs and super tax reduce profitability. It adds sluggish economic activities, leading to a decline in the country’s construction materials demand, mainly cement and steel. The higher inflation and low purchasing power also contributed to a reduction in cement dispa... |
Peru's cement market contracts 7% in July16 August 2023, Published under Cement NewsPeruvian cement dispatches fell by 6.5 per cent to 1.013Mt in July 2023 when compared with July 2022 when dispatches stood at 1.084Mt, according to the country’s cement association, ASOCEM. Of this total 0.958Mt was delivered by ASOCEM members, with 0.055Mt supplied by non-members. Domestic cement output was down 8.9 per cent YoY to 0.985Mt in July 2023 from 1.081Mt. Clinker production fell by 34.2 per cent YoY to 0.624Mt in July 2023 from 0.949Mt. When compared with July 2022, cement ex... |
Tajikistan lifts ban on cement exports11 August 2023, Published under Cement NewsTajikistan has reported cement production of 2.1Mt in the opening six months of 2023. Of this total, more than 538,000t were exported, down 138,000t compared to the same period a year earlier. The majority of these exports were sent to Uzbekistan (342,000t) and Afghanistan (194,000t), reports Asia Plus. The government had introduced a ban on cement exports in July this year due to a shortage of cement for a number of key projects taking place in the country. However, the ban was lifted ju... |
Argentina’s cement market contracts 7% in July10 August 2023, Published under Cement NewsCement demand in Argentina declined by 6.9 per cent to 1,067,680t in July 2023 when compared with July 2022, when demand reached 1,146,900t, according to the country’s cement association, AFCP. All cement supplied was produced by domestic producers – there were no imports. Total production by Argentine producers fell 7.2 per cent YoY to 1,069,493t in July 2023, down from 1,152,412t in July 2022. Of this total, 1814t were exported in July 2023, representing a 67.1 per cent decline when comp... |
Brazilian cement demand slips in July09 August 2023, Published under Cement NewsCement sales in Brazil decreased by 0.5 per cent YoY to 5.476Mt in July 2023 from 5.503Mt in the year-ago period, according to the national cement association, SNIC. While the main markets of the southeast and northeast saw a pick-up in demand to 2.573Mt (+1.5 per cent YoY) and 1.088Mt (+6.5 per cent YoY), respectively in July 2023, other regions saw a contraction of sales. The south reported a drop of 10.4 per cent YoY to 0.891Mt, the central-west a 2.2 per cent decline to 0.681Mt and in ... |
Pakistan started with a massive growth in cement dispatches in 1MFY23-2407 August 2023, Published under Cement NewsPakistan recorded a considerable growth of 57.4 per cent in cement dispatches in July 2023, when total cement dispatches totalled 3.21Mt against 2.04Mt dispatched in July 2022. According to the data released by the All Pakistan Cement Manufacturers Association (APCMA), local cement dispatches by the industry in July 2023 were 2.78Mt compared to 1.89Mt in July 2022, showing an increase of 47.2 per cent. Export dispatches increased by 183.9 per cent as the volumes increased from 153,517t in J... |
Bangladesh sets a target export revenue of US$15m in FY23-2407 August 2023, Published under Cement NewsBangladesh had set a higher target export revenue of US$15m against US$13.66m earned in the last fiscal year of FY22-23. The encouraging figure/trend of July 2023 would lead the target, experts reported. Bangladesh has achieved 104.2 per cent YoY growth in cement export revenue to US$1.47m in the first month of FY23-24 (July 2023-June 2024). This compares to US$0.72m in the same month a year earlier. According to the Bangladesh Export Promotion Bureau (EPB), this figure includes minor... |
Italy’s cement supply declines 13% in May, but prices see 13% increase02 August 2023, Published under Cement NewsCement production in Italy fell by 13 per cent YoY in May 2023, according to the national construction chamber, Federbeton. When compared with the 2015 base index, the output value increased from 90 in April 2023 to 93 one month later. Cement prices increased 13 per cent YoY in May 2023, following a 27 per cent YoY rise in April 2023. Compared with the 2015 base index, prices edged up from 208 in April 2023 to 209 in May 2023. External trade Grey cement imports saw a 13 per cent YoY dr... |